W.P. Carey Inc. (NYSE:WPC) Plans Dividend Increase – $0.94 Per Share

W.P. Carey Inc. (NYSE:WPC) declared a quarterly dividend on Thursday, June 11th. Shareholders of record on Tuesday, June 30th will be paid a dividend of 0.94 per share by the real estate investment trust on Wednesday, July 15th. This represents a c) dividend on an annualized basis and a yield of 5.0%. The ex-dividend date of this dividend is Tuesday, June 30th. This is a 1.1% increase from W.P. Carey’s previous quarterly dividend of $0.93.

W.P. Carey has decreased its dividend payment by an average of 0.0%per year over the last three years and has raised its dividend every year for the last 2 years. W.P. Carey has a payout ratio of 138.3% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect W.P. Carey to earn $5.20 per share next year, which means the company should continue to be able to cover its $3.72 annual dividend with an expected future payout ratio of 71.5%.

W.P. Carey Stock Performance

Shares of WPC stock opened at $75.72 on Friday. The company has a market capitalization of $16.87 billion, a P/E ratio of 32.36, a P/E/G ratio of 3.24 and a beta of 0.76. The business’s 50 day moving average is $73.26 and its two-hundred day moving average is $70.34. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 1.04. W.P. Carey has a 12-month low of $61.09 and a 12-month high of $76.91.

W.P. Carey (NYSE:WPC) last issued its quarterly earnings results on Tuesday, April 28th. The real estate investment trust reported $1.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.61 by $0.69. The company had revenue of $454.51 million for the quarter, compared to the consensus estimate of $430.64 million. W.P. Carey had a return on equity of 6.29% and a net margin of 29.35%.W.P. Carey’s revenue for the quarter was up 11.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.17 earnings per share. W.P. Carey has set its FY 2026 guidance at 5.160-5.260 EPS. Analysts expect that W.P. Carey will post 5.04 EPS for the current fiscal year.

Insider Buying and Selling

In other W.P. Carey news, CAO Brian H. Zander sold 433 shares of the stock in a transaction dated Wednesday, May 6th. The shares were sold at an average price of $74.00, for a total value of $32,042.00. Following the completion of the sale, the chief accounting officer owned 13,882 shares in the company, valued at approximately $1,027,268. This represents a 3.02% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.98% of the company’s stock.

Institutional Trading of W.P. Carey

A number of hedge funds have recently bought and sold shares of WPC. Invesco Ltd. raised its holdings in W.P. Carey by 1.6% in the 2nd quarter. Invesco Ltd. now owns 753,196 shares of the real estate investment trust’s stock valued at $46,984,000 after acquiring an additional 11,635 shares during the last quarter. Cary Street Partners Financial LLC acquired a new stake in W.P. Carey in the 2nd quarter valued at about $115,000. Bank of Nova Scotia raised its holdings in W.P. Carey by 7.3% in the 2nd quarter. Bank of Nova Scotia now owns 8,164 shares of the real estate investment trust’s stock valued at $509,000 after acquiring an additional 555 shares during the last quarter. Qube Research & Technologies Ltd acquired a new stake in W.P. Carey in the 2nd quarter valued at about $3,494,000. Finally, Sei Investments Co. raised its holdings in W.P. Carey by 73.0% in the 2nd quarter. Sei Investments Co. now owns 96,983 shares of the real estate investment trust’s stock valued at $6,050,000 after acquiring an additional 40,908 shares during the last quarter. Institutional investors and hedge funds own 73.73% of the company’s stock.

About W.P. Carey

W. P. Carey Inc is a diversified net-lease real estate investment trust specializing in single-tenant commercial properties. The company structures sale-leaseback and build-to-suit transactions to provide long-term net lease financing across a variety of asset classes, including industrial facilities, office buildings, retail centers and self-storage facilities. By employing triple net leases, W. P. Carey transfers property operating expenses, taxes and maintenance responsibility to tenants, creating a stable, predictable income stream for investors.

Founded in 1973 by William Polk Carey, the firm has expanded organically and through strategic mergers and acquisitions.